Mexican Insulated Panels Market Overview:
Mexican Insulated Panels Market for prefabricated covers was valued at $3,505 million in 2016, and is projected to reach at $5,207 million by 2022, growing at a CAGR of 6.71% from 2017 to 2022.
Insulated panels are prefabricated insulating structures used in both residential and commercial buildings. Implementation of insulated panels in construction of buildings has led to development of greener and reliable buildings, as they are energy efficient, cost-effective, and structurally strong. These panels are made by sandwiching an insulated foam between two skin materials. The most common type of insulated foam used in insulated panels is polyurethane and polystyrene foam.
The foam insulating material should possess features such as moisture resistant, fire retardant, low density, and chemically inert insulating. Moreover, cold rooms and refrigerator vehicle bodies are the most common applications of insulated panels. Use of insulating panels in buildings offers better energy management, improved durability, economical, faster construction, fire resistant, and acoustical & vibration control.
The major factors that drive the Mexican insulated panels market include rapid urbanization and globalization worldwide. In addition, increase in demand for refrigerated vehicles and cold storage containers, utilized for shipping food, accelerates the demand for insulated panels in the Mexican region. However, vulnerability to pest and susceptibility to moisture restrict the market growth. The eco-friendly nature of insulating panels is expected to present a major opportunity for market growth.
The Mexican insulated panels market for prefabricated covers is segmented on the basis of foam type, skin material, end-user industry, and region. Based on foam type, it is divided into polyurethane foam, polystyrene, and others. The skin materials studied in this report include steel-steel, steel-cardboard, steel-vinyl ester, cardboard-cardboard, and others. By end-user industry, the market is bifurcated into construction and cold storage. Based on region, it is analyzed across northern sector, central Mexico, southern Mexico, and rest of Mexico.
The key players operating in the market are Frigocel Mexicana, S.A. de C.V., Ternium, Metecno, Danica, Marcegaglia SpA, Unypanel SA de CV, Fanosa, S.A. de C.V., Thermopanel, Isocindu S.A. de C.V., and Kingspan Group plc.
Mexican Insulated Panels Market for Prefabricated Covers, by Region
The central Mexico region has witnessed a rapid growth as insulated panels are being frequently used in construction projects in this region. In addition, the central Mexicos rapidly growing economy and culture fuels the insulating panel market in the region. Numerous construction activities are underway in the region, owing to the opening of new restaurants, new commercial & residential buildings, and institutional construction.
Mexican Insulated Panels Market for Prefabricated Covers, by Foam Type
The polystyrene segment is estimated to be the most lucrative market in the Mexican region due to excellent insulating properties, better moisture and fire resistance, chemical inertness, lightweight nature, and high compressive strength.
Mexican Insulated Panels Market for Prefabricated Covers, by Skin Material
Steel-steel skin material dominates the Mexican insulated panels market for prefabricated covers. The lightweight of the insulating panels improves construction efficiency and shipping cost. Furthermore, high strength of the steel-steel insulating panels increases its life span, and does not require any internal steel framework.
- The study provides an in-depth analysis of the Mexican insulated panels market for prefabricated covers, with current trends and future estimations to elucidate the investment pockets.
- Comprehensive analysis of factors that drive and restrict the market growth is provided.
- The report provides a quantitative analysis to help the stakeholders to capitalize on prevailing market opportunities.
- Extensive analysis of different segments facilitates to understand various products of the market.
- Key players are profiled and their strategies are analyzed thoroughly, which predicts the competitive outlook of the market.
Mexican Insulated Panels Market Key Segments:
By Foam Type
- Polyurethane Foam
By Skin Material
- Steel-Vinyl ester
By End-user Industry
- Cold Storage
- Convenience Stores
- Northern Sector
- Central Mexico
- Southern Mexico
- Rest of Mexico